To summarize: the nature of the new law discussed in the given article.

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Answer 1

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Chapter 11, Problem 11.12EYCT

(a)

To determine

To summarize: the nature of the new law discussed in the given article.

(b)

To determine

To explain: the biggest value of the law and its impact on Corporation B&C.

(c)

To determine

To state: some criticisms of the law.

(d)

To determine

To explain: the difference in incorporation as a benefit corporation and B Corporation Certification.

(e)

To determine

To state: some of the companies that have either adopted benefit corporation or are considering it.

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L.L. Bean operates two factories that produce its popular Bean boots (also known as "duck boots") in its home state of Maine. Since L.L. Bean prides itself on manufacturing its boots in Maine and not outsourcing, backorders for its boots can be high. In 2014, L.L. Bean sold about 450,000 pairs of the boots. At one point during 2014, it had a backorder level of about 100,000 pairs of boots. L.L. Bean can manufacture about 2,200 pairs of its duck boots each day with its factories running 24/7.In 2015, L.L. Bean expects to sell more than 500,000 pairs of its duck boots. As of late November 2015, the backorder quantity for Bean Boots was estimated to be about 50,000 pairs. Question: Assume that a pair of 8" Bean Boots are ordered on December 3, 2015. The order price is $109. The sales tax rate in the state in which the boots are order is 7%. L.L. Bean ships the boots on January 29, 2016. Assume same-day shipping for the sake of simplicity. On what day would L.L. Bean recognize the…

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Answer 2

Question

Chapter 11, Problem 11.12EYCT

(a)

To determine

To summarize: the nature of the new law discussed in the given article.

(b)

To determine

To explain: the biggest value of the law and its impact on Corporation B&C.

(c)

To determine

To state: some criticisms of the law.

(d)

To determine

To explain: the difference in incorporation as a benefit corporation and B Corporation Certification.

(e)

To determine

To state: some of the companies that have either adopted benefit corporation or are considering it.

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Answer 3

Question

Chapter 11, Problem 11.12EYCT

(a)

To determine

To summarize: the nature of the new law discussed in the given article.

(b)

To determine

To explain: the biggest value of the law and its impact on Corporation B&C.

(c)

To determine

To state: some criticisms of the law.

(d)

To determine

To explain: the difference in incorporation as a benefit corporation and B Corporation Certification.

(e)

To determine

To state: some of the companies that have either adopted benefit corporation or are considering it.

Expert Solution & Answer

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Answer 4

Question

Chapter 11, Problem 11.12EYCT

(a)

To determine

To summarize: the nature of the new law discussed in the given article.

(b)

To determine

To explain: the biggest value of the law and its impact on Corporation B&C.

(c)

To determine

To state: some criticisms of the law.

(d)

To determine

To explain: the difference in incorporation as a benefit corporation and B Corporation Certification.

(e)

To determine

To state: some of the companies that have either adopted benefit corporation or are considering it.

Expert Solution & Answer

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Answer 5

Chapter 11, Problem 11.12EYCT

(a)

To determine

To summarize: the nature of the new law discussed in the given article.

(b)

To determine

To explain: the biggest value of the law and its impact on Corporation B&C.

(c)

To determine

To state: some criticisms of the law.

(d)

To determine

To explain: the difference in incorporation as a benefit corporation and B Corporation Certification.

(e)

To determine

To state: some of the companies that have either adopted benefit corporation or are considering it.

Answer 6

Chapter 11, Problem 11.12EYCT

(a)

To determine

To summarize: the nature of the new law discussed in the given article.

Answer 7

Chapter 11, Problem 11.12EYCT

(a)

To determine

To summarize: the nature of the new law discussed in the given article.

Answer 8

(b)

To determine

To explain: the biggest value of the law and its impact on Corporation B&C.

Answer 9

(b)

To determine

To explain: the biggest value of the law and its impact on Corporation B&C.

Answer 10

(c)

To determine

To state: some criticisms of the law.

Answer 11

(c)

To determine

To state: some criticisms of the law.

Answer 12

(d)

To determine

To explain: the difference in incorporation as a benefit corporation and B Corporation Certification.

Answer 13

(d)

To determine

To explain: the difference in incorporation as a benefit corporation and B Corporation Certification.

Answer 14

(e)

To determine

To state: some of the companies that have either adopted benefit corporation or are considering it.

Answer 15

(e)

To determine

To state: some of the companies that have either adopted benefit corporation or are considering it.

Answer 16

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Answer 17

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Answer 18

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Answer 19

Ch. 11 - Prob. 1Q Ch. 11 - Prob. 2Q Ch. 11 - Prob. 3Q Ch. 11 - Prob. 4Q Ch. 11 - Prob. 5Q Ch. 11 - Prob. 6Q Ch. 11 - Prob. 7Q Ch. 11 - Which is the boiler investmentcommon stock with a...Ch. 11 - Prob. 9Q Ch. 11 - Prob. 10Q

To summarize: the nature of the new law discussed in the given article.

Solution Summary: The author explains the purpose of the new law and its impact on Corporation B&C.

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To summarize: the nature of the new law discussed in the given article.

To explain: the biggest value of the law and its impact on Corporation B&C.

To state: some criticisms of the law.

To explain: the difference in incorporation as a benefit corporation and B Corporation Certification.

To state: some of the companies that have either adopted benefit corporation or are considering it.

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Chapter 11 Solutions